Tripan
ActiveTripan has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €684k and a net result of €-326k. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 6% of 284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14=
Solvency18▼-16
Growth30▼-4
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.84 in 2024), and 97.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-1.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€326k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 284 sector peers (2025).
NBB · sector comparisonPosition among 284 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d early
2023
7 d early
2022
39 d early
2021
18 d early
2020
77 d late
2019
14 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.91M▼ 22.6%
2024 · €17.99M
2018: €16.87M
2019: €16.72M
2020: €12.84M
2021: €13.30M
2022: €18.98M
2023: €20.85M
2024: €17.99M
2018 → 2025
EBIT margin
-0.3%▼ 0.8pp
2024 · 0.5%
2018: 0.4%
2019: 2.7%
2020: -1.3%
2021: -9.5%
2022: -2.0%
2023: 1.2%
2024: 0.5%
2018 → 2025
Net result
€-326k▼ 155%
2024 · €-128k
2018: €2k
2019: €279k
2020: €-203k
2021: €-1.31M
2022: €-475k
2023: €112k
2024: €-128k
2018 → 2025
Working capital
€1.78M▼ 63.4%
2024 · €4.88M
2018: €1.26M
2019: €1.19M
2020: €963k
2021: €-228k
2022: €4.45M
2023: €4.58M
2024: €4.88M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.30M-€18.98M▲ 42.7%€20.85M▲ 9.9%€17.99M▼ 13.7%€13.91M▼ 22.6%
Equity€1.50M-€1.03M▼ 31.6%€1.14M▲ 10.9%€1.01M▼ 11.2%€684k▼ 32.3%
Operating result€-1.26M-€-377k▲ 70.1%€253k€88k▼ 65.1%€-48k
Net result€-1.31M-€-475k▲ 63.7%€112k€-128k€-326k▼ 155%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €48k after €88k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.25M
Fixed assets
€13.68M▲ 113%
Current assets
€9.57M▼ 10.6%
Equity and liabilities €23.25M
Equity
€684k▼ 32.3%
Provisions
€4k=
Debt
€22.56M▲ 40.0%
The debt ratio rises from 94.1% to 97.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€791k▲
2024 · €737k
Cash flow
€513k▼
2024 · €521k
Solvency
2.9%▼
2024 · 5.9%
Current ratio
1.23▼
2024 · 1.84
Quick ratio
0.72▼
2024 · 1.39
Debt / equity
32.98▲
2024 · 15.95
ROE
-47.7%▼
2024 · -12.6%
ROA
-1.4%▼
2024 · -0.7%
Interest coverage
3.13▼
2024 · 3.97
Debt
€22.56M▲
2024 · €16.12M
Debt ≤ 1 year
€7.79M▲
2024 · €5.83M
Debt > 1 year
€14.72M▲
2024 · €10.11M
Income taxes
€1k▲
2024 · €1k
Staff costs
€3.46M▼
2024 · €3.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17.13M€23.25M▲
Fixed assets21/28€6.42M€13.68M▲
Intangible fixed assets21€15k€3k▼
Tangible fixed assets22/27€6.41M€13.67M▲
Land and buildings22€3.62M€6.50M▲
Plant, machinery and equipment23€2.50M€6.81M▲
Furniture and vehicles24€286k€366k▲
Current assets29/58€10.71M€9.57M▼
Stocks and contracts in progress3€2.62M€3.99M▲
Stocks30/36€2.62M€3.99M▲
Raw materials and consumables30/31€1.26M€1.50M▲
Finished goods33€1.36M€2.49M▲
Amounts receivable within one year40/41€6.85M€2.98M▼
Trade receivables40€6.85M€2.82M▼
Other amounts receivable41€0€159k▲
Cash at bank and in hand54/58€1.23M€2.55M▲
Deferred charges and accrued income490/1€2k€54k▲
Equity and liabilities
Total equity and liabilities10/49€17.13M€23.25M▲
Equity10/15€1.01M€684k▼
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€698k€371k▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133€668k€341k▼
Profit (loss) carried forward14€62€19▼
Investment grants15€13k€13k=
Provisions and deferred taxes16€4k€4k=
Deferred taxes168€4k€4k=
Amounts payable17/49€16.12M€22.56M▲
Amounts payable after more than one year17€10.11M€14.72M▲
Financial debts170/4€10.11M€10.93M▲
Credit institutions173€3.69M€10.93M▲
Other loans174€6.43M€0▼
Other amounts payable178/9-€3.79M
Amounts payable within one year42/48€5.83M€7.79M▲
Current portion of amounts payable after more than one year42€875k€1.21M▲
Trade debts44€4.21M€6.08M▲
Suppliers440/4€4.21M€6.08M▲
Taxes, remuneration and social security45€741k€494k▼
Taxes450/3€201k€88k▼
Remuneration and social security454/9€541k€406k▼
Accrued charges and deferred income492/3€175k€49k▼
Income statement
Code20242025
Operating income70/76A€17.17M€15.80M▼
Turnover70€17.99M€13.91M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-1.08M€1.13M▲
Other operating income74€246k€759k▲
Non-recurring operating income76A€20k€0▼
Operating charges60/66A€17.08M€15.85M▼
Goods for resale, raw materials and consumables60€9.87M€9.74M▼
Purchases600/8€9.51M€9.98M▲
Change in stocks: decrease (increase)609€355k€-236k▼
Services and other goods61€2.97M€1.75M▼
Remuneration, social security and pensions62€3.55M€3.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€649k€839k▲
Other operating charges640/8€56k€57k▲
Operating profit (loss)9901€88k€-48k▼
Financial income75/76B-€3
Recurring financial income75-€3
Other financial income752/9-€3
Financial charges65/66B€215k€277k▲
Recurring financial charges65€215k€277k▲
Debt charges650€186k€252k▲
Other financial charges652/9€29k€25k▼
Profit (loss) for the period before taxes9903€-127k€-325k▼
Income taxes67/77€1k€1k▲
Taxes670/3€1k€1k▲
Profit (loss) for the period9904€-128k€-326k▼
Profit (loss) for the period to be appropriated9905€-128k€-326k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-127k€-326k▼
Profit (loss) brought forward from the previous period14P€303€62▼
Transfer from equity791/2€128k€326k▲
From reserves792€128k€326k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908758.650.9▼
The notes to these accounts (91 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Permanent representative7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Permanent representative7 facts ▸
- General meeting, 2026-06-30
- Auditor reappointment, commissaris, 3 years
- Permanent representative, Bert De Clercq
- Mandate compensation, BV A&C - Bedrijfsrevisor
- Board meeting, 2026-06-30
- Director appointment, Don Mouling (persoon belast met dagelijks bestuur)
- Mandate compensation, Don Mouling
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €112k
Net result €112k after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-1.31M
Net result drops to €-1.31M, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 77 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €279k ▲15192%
Operating result €448k, net result €279k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Don Mouling
CurrentPersoon belast met dagelijks bestuur · since 30-06-2026
30-06-2026
Appointed as Persoon belast met dagelijks bestuur
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pannenhuisstraat 443650 Dilsen-StokkemGround area
4.4 ha
Building footprint
9,836 m²
Volume, LiDAR
104,003 m³
Parcel 72005C0067/00A000, Flanders · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRIPAN NV
since 19892.041.776.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005C0067/00A000 | Flanders | 4.4 ha | 1 · 9,836 m² | 17.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| A&C - bedrijfsrevisor BVCurrent Statutory auditor · represented by Bert De Clercq | 30-06-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 43,953 EUR awarded · 43,953 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,264 EUR | 3,264 EUR |
| 2024 | 2 | 11,203 EUR | 11,203 EUR |
| 2023 | 2 | 19,339 EUR | 19,339 EUR |
| 2022 | 2 | 10,147 EUR | 10,147 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
875500RY02WK1LENPL63
Similar companies · same sector, comparable size
UNITED STONE PRODUCTS
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VEMA BETON
BE 0842.084.417
Balen · Eq €712k
BETONWERKEN VANDERSTRAETEN
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Verheyen Betonprodukten
BE 0438.842.450
Arendonk · Eq €650k
Of 396 companies in sector 23610 we hold annual accounts for 311. 231 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1988
Fiscal year end31-12
Activities, NACEBEL
23610Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.